- Thanks for the detailed response Rick
I will most likely continue my CPA search. I have spoken to 6-7 Cpa’s. The issue i see is that some of them are just throwing crazy fees at me. For example, one CPA that i liked and was ok with his annual fee of about $2500 was asking me for $700 for filing an 1120 for 2021 for no activity. The S corp would start 1/1/22 so will file 1120S in 2023. So its difficult to trust this guy if he wants to charge this much for a zero filing
This CPA i found thru a family member and told me that he doesnt need money for a zero filing 1120. But on the other hand he seems very laidback and was like call me when u start making serious money.
I think i now have a better understanding of s corp and tax forms to fill. If i do choose to go with something like a QB desktop to do my own payroll and quarterly/annual taxes, does it walk me through all thats required for federal and state (illinois)? Also, main reason to hire a CPA is reasonable wages. Can i pay myself hourly?. I just resigned from a job and i know the hourly rate so thats what i would make in the market
